Margert Community Corporation
- Assets
- $3.3m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Far Rockaway, NY
- Founding
- 02/1981
- Data as of
- 03/2022
- EIN
- 11-2534700
Organization Overview
Margert Community Corporation is located in Far Rockaway, NY. The organization was established in 1981. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Margert Community Corporation employed 9 individuals. This organization is the central organization for a national or regional group of organizations. Margert Community Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Margert Community Corporation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.0m during the year ending 03/2022. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MARGERT COMMUNITY CORPORATION PROVIDES NEIGHBORHOOD PRESERVATION SERVICES, HOUSING ASSISTANCE, AND HOUSING COUNSELING TO LOW-INCOME TENANTS AND HOMEOWNERS, THE ELDERLY, AND PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY EFFICIENCY AND HEALTH & SAFETY SERVICES THROUGH THE WEATHERIZATION ASSISTANCE PROGRAM.
COMMUNITY-BASED AFFORDABLE HOUSING SERVICES INCLUDING HOUSING, COUNSELING, REHABILITATION, PURCHASE ASSISTANCE, ETC.
WEATHERIZATION ASSISTANCE PROGRAM OWNER INVESTMENT LEVERAGED FUNDS.
ARPA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph G Barden Non-Voting Secretary/executive Direct | OfficerTrustee | 35 | $158,496 |
Stephanie Lawes Housing Director | 35 | $119,893 | |
Wayne Murchison Multi-Family Project Director | 35 | $109,301 | |
Adalberto Montero Vice Chairperson | OfficerTrustee | 0.5 | $0 |
Rev Francis Shannon Chairperson | OfficerTrustee | 0.5 | $0 |
Paul H Gannon Treasurer | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consolidated Environmental Inc Hvac Services | 3/30/22 | $162,414 |
Riverdale Electrical Services Electrical Services | 3/30/22 | $156,599 |
Econo-therm Insulation Contractor | 3/30/22 | $127,920 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,028,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,028,762 |
| Total Program Service Revenue | $54,850 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,086,587 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,496 |
| Compensation of current officers, directors, key employees. | $19,989 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,332 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $245,975 |
| Payroll taxes | $63,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,303 |
| Advertising and promotion | $3,798 |
| Office expenses | $38,390 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,000 |
| Travel | $6,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,484 |
| Interest | $4,201 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,652 |
| Insurance | $34,589 |
| All other expenses | $7,818 |
| Total functional expenses | $1,962,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $418,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $359,377 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,223 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,541,850 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,330,961 |
| Accounts payable and accrued expenses | $531,179 |
| Grants payable | $0 |
| Deferred revenue | $9,217 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $147,086 |
| Other liabilities | $0 |
| Total liabilities | $687,482 |
| Net assets without donor restrictions | $2,643,479 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,330,961 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Margert Community Corporation has recieved totaling $50,050.
| Awarding Organization | Amount |
|---|---|
The Center For New York City New York, NY PURPOSE: HOUSING & LEGAL COUNSELING | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Energy Affordability Inc Bronx, NY | $8,796,586 | $16,696,902 |
Bedford Stuyvesant Restoration Corporation Brooklyn, NY | $66,956,082 | $10,958,396 |
Tioga Opportunities Inc Owego, NY | $6,623,346 | $5,643,781 |
Puertorriguenos Asociados For Community Organization Inc Jersey City, NJ | $2,164,949 | $2,929,445 |
Rebuilding Together Philadelphia Philadelphia, PA | $1,909,589 | $2,697,411 |
Bluehub Capital Inc Boston, MA | $18,553,228 | $2,089,518 |
Rebuilding Together Nyc Brooklyn, NY | $1,427,304 | $2,371,566 |
Margert Community Corporation Far Rockaway, NY | $3,330,961 | $2,086,587 |
Neighborhood Housing Services Of Brooklyn Cdc Inc Brooklyn, NY | $1,795,417 | $1,982,493 |
Revitalize Community Development Corporation Springfield, MA | $1,147,655 | $1,631,716 |
Lucille Clark Housing Development Fund Co Inc New York, NY | $2,660,768 | $778,673 |
The Parodneck Foundation For Self-H Elp Housing & Community Dvlpnt Inc New York, NY | $15,240,279 | $682,026 |